📉 Cardano (ADA) risks a 20% price drop in August, entering a Bump-and-Run-Reversal (BARR) pattern. But don't fret, whales & sharks have bought $116.1M worth of ADA since May 2023, betting on future gains! 🐋
- ADA could hit $0.22 in August or early September, but a rebound could reach $0.30, up 5% from current prices.
- Cardano's on-chain fundamentals look promising: Q2 total-value-locked (TVL) grew 9.7% QoQ & daily dapp transactions jumped 49% QoQ.
- Stablecoins fueled TVL & dapp transactions, growing 34.9% QoQ, adding upward pressure for ADA.
Stay bullish, folks! 🚀